Refining
Some Indian refiners to move away from Russian oil
India and China are the biggest buyers of Russian sea-borne crude, taking advantage of discounted prices Russia was forced to offer after losing sales to Europe following Moscow's invasion of Ukraine in 2022.
StormFisher Hydrogen acquires Recyclage Carbone Varennes to launch North America's first large-scale low-carbon methanol plant
Scheduled for operation in 2028, the facility will supply low-carbon fuels to global maritime, aviation, and chemical markets.
Indian-backed oil refinery in Mongolia should begin operations in 2028
Mongolia's first oil refinery is being built with a $1.7-B Indian line of credit and will have the capacity to process 1.5 metric MMtpy of crude oil, or 30,000 bpd.
Cognite to unleash next-gen industrial AI with NVIDIA
Cognite, a global leader in industrial AI, has announced that the Cognite Industrial AI and Data Platform, which includes Cognite Atlas AI™ and Cognite Data Fusion®, is now integrated with NVIDIA accelerated computing and software to unlock new levels of efficiency, intelligence and innovation for asset-heavy industries.
Study: Methane emissions from crude oil and gas supply chains significantly underestimated
Global methane emissions from oil production are now reported to be 15 times higher in International Energy Agency (IEA) data compared to IOGP figures, with discrepancies for Russia reaching 10-fold and for Saudi Arabia an astonishing 40-fold.
Sanctions-hit Nayara scrambles to sustain operations, with New Delhi's help
Shut out of many international markets because of crippling sanctions imposed by the European Union on July 18, the Russian-owned refinery has had to divert more fuel to the domestic market and find new export customers, among numerous workarounds, big and small, forced by the bloc's penalty.
Latest U.S. sanctions on Iranian oil deal blow to China's Sinopec
The latest U.S. sanctions on Iranian petroleum exports deal a blow to Chinese refining giant Sinopec by targeting a terminal through which the state major handles one-fifth of its crude oil imports.
- ITT to acquire SPX Flow for > $4.77 B, expanding leadership in highly engineered components and adjacent flow technologies 12/5
- MOL Group introduces eco-friendly Bag-in-Box packaging for lubricants 12/5
- Addis Energy secures $8.3 MM to scale its transformative approach to low-cost ammonia production 12/5
- World Fuel Services supplies cruise line with waste-based biofuels 12/5
- Chevron announced $18 B-$19-B CAPEX budget for 2026 12/5
- Russia and India sign deal to build urea plant in Russia 12/5
